What the debt ceiling means for you?

1 year ago
66

A new estimate from the Congressional Budget Office finds the U.S. risks defaulting on its debts as early as July. That projection adds new urgency to the ongoing debate over the debt ceiling. If it doesn't get raised, which has never happened before, we're looking at immense harm to the economy. Jessie Cohen breaks down what the debt ceiling is and what it means for you at home.

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